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[size=36]Newspaper: Japan and America target trade agreement by September[/size]
Economy | 11:32 - 04/08/2019
Follow up - Mawazine News
Japan and the United States have agreed to seek a general agreement on bilateral trade by September to bring views closer to the duties on meat and the automotive sector, the Nikkei daily reported on Sunday.
As part of his campaign to correct what he calls a flaw in global trade balances, US President Donald Trump urged Japan to open the politically sensitive agriculture sector as well as reduce US auto exports.
The agreement was reached during a meeting between Japanese Trade Minister Toshimitsu Motegi and US Trade Representative Robert Laitheiser in Washington, the newspaper said, citing sources involved in the unnamed trade negotiations.
The newspaper said the two sides hoped to reach a trade deal before Japanese Prime Minister Shinzo Abe's meeting with the US president on the sidelines of the UN General Assembly in New York in September.
On Friday, Motegi told reporters after his meeting with Whitehouse that the two sides had made "significant progress" in narrowing the stalemate over trade and agreed to hold another cabinet-level meeting later this month.
As part of his campaign to correct what he calls a flaw in global trade balances, US President Donald Trump urged Japan to open the politically sensitive agriculture sector as well as reduce US auto exports.
The agreement was reached during a meeting between Japanese Trade Minister Toshimitsu Motegi and US Trade Representative Robert Laitheiser in Washington, the newspaper said, citing sources involved in the unnamed trade negotiations.
The newspaper said the two sides hoped to reach a trade deal before Japanese Prime Minister Shinzo Abe's meeting with the US president on the sidelines of the UN General Assembly in New York in September.
On Friday, Motegi told reporters after his meeting with Whitehouse that the two sides had made "significant progress" in narrowing the stalemate over trade and agreed to hold another cabinet-level meeting later this month.
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